DAC - Shipping companies top industrial gainers in H1 smart product makers among losers

Industrial stocks gained 15.6% in the first half of 2021, surpassing SPDR S&P 500 Trust ETF gain of 14.4%. Industrial Select Sector SPDR ETF (XLI) ranked #5 among the 11 S&P sectors in terms of year-to-date performance.Three Shipping companies were among the top five gainers in the Industrial sector, all of whom saw +200% increase in their stock in H1 (companies with market cap of $300M or more).Danaos Corporation (DAC) +277.72% led the gainer's list in the first half of the year. With the rise in shipping costs the stocks of shipping companies, including Danaos, have also skyrocketed.Steel Partners Holdings (SPLP) +216.87%.Navios Maritime Partners (NMM) rose +216.15%. Earlier in March, Stifel analyst Ben Nolan saw the Suez Canal incident, in which a container ship was stuck in the canal, as overwhelmingly good news for shipowners that charter vessels to liners; with a pricing upside for companies such as Danaos and Navios, among others.Safe Bulkers (SB) +213.28%. The shipping company has been

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Shipping companies top industrial gainers in H1, smart product makers among losers